Trading Volumes by Country

[elda34b]

Another way to look at it is to filter exchange based on their country/targeted country. At least for Asia it is quite easy to do so, but for Europe it might be difficult since most exchanges accept registration from any country as long as it's within the continent.

[slaman29]

Binance exchange do not take that as their responsibility but you can check high trading volume in the fiat market but it records only 24 hrs volume.

Yeah, I know, that's why I asked or rather thought it was strange that they already record data from customers, and I bet you they record IP addresses because when I login and get the emails I see it stamped all over with the time.

Shouldn't be difficult to pull out metrics of volume attached to IP locations from all their users. They already own CMC why didn't they do that (with permissions of course).

[stompix]

Another way to look at it is to filter exchange based on their country/targeted country. At least for Asia it is quite easy to do so

If is that is easy to do so why aren't you showing us how the volume is looking for those countries?
Maybe because in reality nobody but the exchanges themselves know what numbers are reported?
And maybe even those numbers are fake as a lot are hiding under volumes that require KYC, VPN or even fake documents?

but for Europe it might be difficult since most exchanges accept registration from any country as long as it's within the continent.

There is zero difference other than the fact that some of the countries use the same currency.
Europe is by no means different than Asia, there is an exchange that doesn't accept certain countries like Kosovo or Albania, there are countries outside the SEPA program, there are countries with no financial regulation, don't look at Europe as a block, it's by no means such a thing.

In Binance exchange, Asian country Indonesia is leading in the trading volume as of this morning, its current trading volume is about $112b in the fiat market, but most of the time Nigeria volume do supersede sometimes.

And how you quantify for example the 1.3 trillion in the ETH/BTC pair?
As for the NGN, where did you get those billions in trade for the NGN?
BTC/NGN volume si 33BTC a day...

[bitgolden]

What is the best way to see historic Bitcoin trading voumes (by value) by Country?

As privacy is the most important thing for most bitcoiners, even if you manage to see trading volume by country wise, I will doubt about the credibility of such data. If you refer centralized exchanges and their location then you may get chances to get historic trading volume still most exchanges are accepting people from around the globe hence accuracy will be again a big question.

Only these days binance kind of exchanges are offering same services country specifically but in old days we had bittrex/cryptsy/yobit etc but they offer same services to all country people. Due to later regulation on crypto related services, enforced binance kind of service providers to go country specific. If you manage that kind of exchanges to provide you historic volume then you may get what you asked for.

[anti-dot]

(.....)
At the same time there are graphical representations on some sites like :- https://coin.dance/volume/localbitcoins
But this is something that keeps changing way fast and therefore you should expect +/- and always take chances with it. Plus I do not think it would be 100% accurate. Best of luck with your research.

As of the moment, Localbitcoins per country is kinda available and able to see, but I am sure that there are some specific countries that using Localbitcoins for buying/selling Bitcoin is very low volume, so using LocalBitcoins data for some countries may not useful at all.

For OP. My advice is also to try to use Binance, there are some pairs with BITCOIN to some fiat.
In Binance, there are lot of pegged fiat currency, like BIDR for Indonesian Rupiah or IDRT for Indonesian rupiah. They are limited, and as of the moment, there are still few listed fiat pairs.

Does localbitcoins even offer precise statistics? Those are only the p2p physical transactions that are organized via localbitcoins right? There may be much more in person trading going on than is displayed by the statistics of localbitcoins. Especially in countries where it is prohibited you definitely don't want your trade or your nickname be shown on a website.

[CaVO32]

What is the best way to see historic Bitcoin trading voumes (by value) by Country?

As privacy is the most important thing for most bitcoiners, even if you manage to see trading volume by country wise, I will doubt about the credibility of such data. If you refer centralized exchanges and their location then you may get chances to get historic trading volume still most exchanges are accepting people from around the globe hence accuracy will be again a big question.

Only these days binance kind of exchanges are offering same services country specifically but in old days we had bittrex/cryptsy/yobit etc but they offer same services to all country people. Due to later regulation on crypto related services, enforced binance kind of service providers to go country specific. If you manage that kind of exchanges to provide you historic volume then you may get what you asked for.

Even if he does his homework, he will still get just the rough estimate. This kind of stats is hard to get in accurate figures. However, in 2020, based from statista website, you can get approximate btc trading volume, in millions of $s. It is clear that US is the leading country, in terms of bitcoin trading, followed by Russia and Nigeria (not expecting this though).

https://www.statista.com/statistics/1195753/bitcoin-trading-selected-countries/

[wahyu wida]

What is the best way to see historic Bitcoin trading voumes (by value) by Country?

As privacy is the most important thing for most bitcoiners, even if you manage to see trading volume by country wise, I will doubt about the credibility of such data. If you refer centralized exchanges and their location then you may get chances to get historic trading volume still most exchanges are accepting people from around the globe hence accuracy will be again a big question.

Only these days binance kind of exchanges are offering same services country specifically but in old days we had bittrex/cryptsy/yobit etc but they offer same services to all country people. Due to later regulation on crypto related services, enforced binance kind of service providers to go country specific. If you manage that kind of exchanges to provide you historic volume then you may get what you asked for.

Even if he does his homework, he will still get just the rough estimate. This kind of stats is hard to get in accurate figures. However, in 2020, based from statista website, you can get approximate btc trading volume, in millions of $s. It is clear that US is the leading country, in terms of bitcoin trading, followed by Russia and Nigeria (not expecting this though).

https://www.statista.com/statistics/1195753/bitcoin-trading-selected-countries/

In fact, China is not at the top, where in 2018 it seemed as if China was in control of bitcoin, but we can still see the United State that dominates it. of course, the policies implemented in the USA will have a big influence on the development of bitcoin

[RealMalatesta]

What is the best way to see historic Bitcoin trading voumes (by value) by Country?

Maybe some websites will share their data but not all of the exchanges will share their data so all the records and data you see can be deceptive. There are many reasons why such data can be incorrect

1- A lot of traders and investors use VPN to hide their identities.
2- Some exchanges won't give their data to be announced publicly.
3- A lot of DEX are being used now days which again means the data would be incomplete because you cannot count the trading volume by country on these decentralized exchanges.

There are various other reasons and it's really hard to get average numbers, let alone accurate stats.

[LUCKMCFLY]

One of the countries that has the best volume in Bitcoin is Venezuela, the number of negotiations are impressive despite the country's situation, many are dedicated to trading Bitcoin and this graph shows it, in Venezuela the local currency is called Bolívares ( Bs.). and according to localbitcoins.com Venezuela handles a considerable amount of voume:




Source: https://coin.dance/volume/localbitcoins/VES

Many times the volume of BTC negotiations for countries with high inflation is impressive, the reason is simple, Bitcoin for these countries is much more valuable than gold, now when comparing it with other countries worldwide, I think that Venezuela is one of the that handle a lot of business volume.